Principal Financial Group Inc. Has $10.37 Million Stake in Cheniere Energy, Inc. $LNG

Principal Financial Group Inc. reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 8.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,527 shares of the energy company’s stock after selling 3,381 shares during the quarter. Principal Financial Group Inc.’s holdings in Cheniere Energy were worth $10,365,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of LNG. Strive Financial Group LLC bought a new position in shares of Cheniere Energy during the 4th quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy during the 4th quarter worth approximately $26,000. Financial Life Planners bought a new stake in Cheniere Energy during the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Cheniere Energy during the 3rd quarter worth approximately $27,000. Finally, Accordant Advisory Group Inc acquired a new stake in Cheniere Energy during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. Jefferies Financial Group raised their price objective on shares of Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Wall Street Zen raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley reduced their target price on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Finally, Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $298.88.

Cheniere Energy Stock Down 1.0%

Cheniere Energy stock opened at $269.27 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. The company has a fifty day simple moving average of $244.52 and a 200 day simple moving average of $242.07. The company has a market cap of $56.43 billion, a P/E ratio of 44.29 and a beta of -0.01.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were issued a $0.555 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is presently 36.51%.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.